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Writer's pictureMD Finance Team

MD FinTech deals weekly: November 25-December 1

Updated: Dec 10

Check out the key deals, funding rounds, milestones, and changes in the global fintech landscape, curated by our team.


NORTH AMERICA


  • Cardless, an embedded credit card platform for consumers, has raised $30M in growth equity funding led by Activant Capital.

  • Range, an AI-based online platform offering wealth management and financial planning for individuals, raised $28M in Series B funding led by Cathay Innovation and joined by Gradient Ventures and other investors.

  • Capitolis, a trade management solution for investors, raised $20M from Citi, Morgan Stanley, State Street and UBS.

  • Boosted, an AI-based solution for institutional investors that features stock screening, ML portfolio overlay, ML risk mitigation, data integration, traded models, and more, raised $15M Series A round led by Fidelity Investments Canada ULC, Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners.

EUROPE


  • Aevi, a white label payment platform, raised $5.2M of venture debt, led by Salica Investments.

  • Norbr, an Amsterdam-based payment Infrastructure as a service (IaaS) provider, has raised €3M in funding, led by Alstin Capital as the lead investor, with participation from existing backer, Portfolion.

  • Recovr, debt collection & credit management software, raised $1.2M seed funding from Finnance.brussels.


LATAM


  • ZemoBank, an internet-first bank through bank partnership for businesses, raised $330K from Bertha Capital.


APAC


  • Canaan, a developer of ASICs for block-chain computing, raised $30M.

  • OneCard, a credit cards service for consumer payments, that offers an app that allows users to control all aspects of credit cards including credit limit, instant rewards redemption, domestic or international use, online or offline transactions, contactless payments, and more, raised $28.5M led by Better Tomorrow Ventures.

  • U2U Network, a decentralized data platform, completed Series A funding of $13.8M, with investors including KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, and JDI Ventures.

  • Allra Fintech, an integrated prepayment settlement service for SMEs, raised $6.5M Series B funding from KB Kookmin Bank.

  • NeoGrowth, a developer of an online lending platform offering business loans, raised $5M debt funding from UTI International.

  • BitSave, a crypto investment platform, has secured an undisclosed amount in its pre-Series A funding round led by Leo Capital.


MENA


  • DepositBook, an online deposit marketplace, raised an undisclosed amount of funding from Mashreq.

  • Tahsildar, a payment collection solutions for businesses, raised an undisclosed amount of seed funding from Finberg.


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